Is Solana’s Bull Run Just a Short-Term Bounce, or Will It Reach $300+?

Solana (SOL) is clinging to the $200 mark as wave 4 of its Elliott Wave structure attempts to avoid a potential $195.40 breakdown. Traders believe an impulsive structure suggests upside potential, with support at $215 if the price holds. However, a breach could trigger a sell-off towards the $125 level. This exciting rally is fueled by ETF hype and tech upgrades, but whales are also putting pressure on the market.